CHESTER, England, December 10, 2012 /PRNewswire/ --
- As expected, E.ON announces 8.7 per cent price increase to customers' bills that takes effect 18th January 2013
- Fix energy bills now, says MoneySupermarket
Commenting on E.ON increasing the cost of gas and electricity by an average of 8.7 per cent, Clare Francis consumer finance expert at MoneySupermarket.com said: "It was only a matter of time before the last of the 'Big Six' announced an increase in energy prices. E.ON customers will see average rises of 8.7 per cent on average to gas and electricity prices (or £106.33 per year).
"Today's announcement was expected since E.ON promised not to hike the cost of standard residential prices in 2012. By announcing now, E.ON has given its customers the required 30 days notice of a rise in prices. This increase will come into effect on 18th January 2013.
"Price hikes from the energy companies are bad news for bill payers who are struggling with the cost of heating their homes. A recent MoneySupermarket poll showed a third of bill payers (35 per cent) would put extra clothes on at home when they are cold, rather than put the heating on, because they are worried about their energy bills, while another one in ten (nine per cent) would just put a heater on in one room.*
"Any customers languishing on a standard tariff should look for a better value deal now to avoid paying more for their energy than they need to at the most costly time of year. There is no guarantee we won't see another further price hikes this winter from the energy companies, so it is crucial you switch and fix to the best value deal to protect yourself from the impact of more price increases should they happen.
"Typical savings made by those moving from a standard deal to the best value fixed energy tariff on the market is around £248. Currently the recommended energy deal is EDF Energy Blue+ Price Promise June 2014, costing £1,181.94 a year on average for a typical household."
Notes to Editors:
* When you are cold at home, do you turn the heating on?
No - I put extra clothes on as I'm worried about the bills - 34.6%
No - I head to a family member or friend's house to warm up there - 0.9%
No - I just put a heater on in one room - 8.9%
No - I don't feel the cold - 1.9%
Yes - I put the heating on, regardless of the cost - 19.8%
Yes - I put the heating on but argue with my family / housemates about it - 4.8%
Yes - But I turn it off as soon as I am warn - 29.2%
Total votes: 3451
Web poll run on MoneySupermarket.com between 10-20 October 2012
Price rises announced by UK energy companies: Summer 2011
Gas Electricity Average
increase increase Standard Date Date
Provider (%) (%) tariff announced effective
Scottish Power 19 10 GBP1,391.21 07/06/2011 01/08/2011
British Gas 18 16 GBP1,286.04 08/07/2011 18/08/2011
SSE 18 11 GBP1,265.00 21/07/2011 14/09/2011
E.ON 18 11.4 GBP1,254.55 05/08/2011 13/09/2011
npower 16 7.2 GBP1,289.00 16/08/2011 01/10/2011
EDF Energy 15.4 4.5 GBP1,241.00 15/09/2011 10/11/2011
Average 17.4 10 GBP1,287.80
Price decreases announced by UK energy companies: January 2012
Difference
Previous after
Gas Electricity NEW Average Average increase
decrease decrease Standard Standard Date Date
Provider (%) (%) tariff Tariff GBP Difference announced effective
%
British 12th
Gas N/A 5% GBP1,260.56 GBP1,286.04 GBP25.48 1.98% January Immediately
EDF 11th 7th
Energy 5% N/A GBP1,202.38 GBP1,240.26 GBP37.88 3.05% January February
16th 27th
E.ON N/A 6% GBP1,222.65 GBP1,254.55 GBP31.90 2.54% January February
13th 1st
npower 5% N/A GBP1,243.48 GBP1,282.43 GBP38.95 3.04% January February
12th
SSE 4.50% N/A GBP1,229.95 GBP1,265.00 GBP35.05 2.77% January 26th March
Scottish 17th 27th
Power 5% N/A GBP1,349.42 GBP1,391.21 GBP41.79 3% January February
Average 4.90% 5.50% GBP1,251.41 GBP1,286.58 GBP35.18 2.73%
Price rises announced by UK energy companies: Summer and Autumn 2012
Difference
Previous after
NEW Average Average Increase Difference
Standard Standard Date Date
Provider tariff Tariff GBP % announced effective
British 12th 16th
Gas GBP1,318.82 GBP1,240.07 GBP78.75 6.40% October November
EDF 26th 7th
Energy GBP1,322.62 GBP1,202.38 GBP120.24 10.8% October December
E.ON GBP1,222.65
12th 26th
npower GBP1,352.23 GBP1,243.48 GBP108.75 8.70% October November
22nd 15th
SSE GBP1,354.20 GBP1,237.85 GBP116.35 9.30% August October
Scottish 15th 3rd
Power GBP1,368.45 GBP1,349.42 GBP19.03 1.40% October December
Average GBP1,343.26 GBP1,249.31 GBP88.62 7.3%
Sourced by http://www.moneysupermarket.com
Average customer numbers:
British Gas - 15.8 million
SSE - 9.6 million
npower - 3 million
Scottish Power - 2.3 million
EDF Energy - 3 million
E.ON - 4.8 million
MoneySupermarket.com compares (at 30th Oct 2012)
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- 10 broadband providers and 18 energy providers
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- 62 mortgage lenders and 29 credit card providers
- 66 savings providers and 37 current account providers.
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For further information, please contact:
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SOURCE moneysupermarket.com
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